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Slide #33. PPG Industries — Substantially all of the assets of Canal Supplies, Inc.
PPG Industries (NYSE:PPG)
Substantially all of the assets of Canal Supplies, Inc.
PPG Industries (NYSE:PPG) today announced that it has reached a definitive agreement to acquire substantially all of the assets of Canal Supplies, Inc. (CSI), a privately-owned distributor of protective and marine coatings to customers in Central America. The company is based in Panama. The transaction is expected to close in the second quarter, subject to customary closing conditions. Financial terms were not disclosed.
PPG Industries manufactures and distributes a range of paints, coatings and specialty materials. Co.'s business is comprised of two reportable business segments: Performance Coatings, which primarily supplies a variety of protective and decorative coatings, sealants and finishes along with paint strippers, stains and related chemicals, as well as transparencies and transparent armor; and Industrial Coatings, which primarily supplies a variety of protective and decorative coatings and finishes along with adhesives, sealants, metal pretreatment products, optical monomers and coatings, precipitated silicas and other specialty materials.
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Buy (3.11 out of 4)
(ranked lower than approx. 54% of all stocks covered)
Based on Zacks ABR data;
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